Open Lending Corp (NASDAQ:LPRO) has a beta value of 1.57 and has seen 21.42 million shares traded in the last trading session. The company, currently valued at $139.64M, closed the last trade at $1.17 per share which meant it lost -$1.59 on the day or -57.61% during that session. The LPRO stock price is -495.73% off its 52-week high price of $6.97 and -130.77% below the 52-week low of $2.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.61 million shares traded. The 3-month trading volume is 668.48K shares.
The consensus among analysts is that Open Lending Corp (LPRO) is Hold stock at the moment, with a recommendation rating of 1.83. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 7 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Open Lending Corp (NASDAQ:LPRO) trade information
Sporting -57.61% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the LPRO stock price touched $1.17 or saw a rise of 64.65%. Year-to-date, Open Lending Corp shares have moved -80.40%, while the 5-day performance has seen it change -64.22%. Over the past 30 days, the shares of Open Lending Corp (NASDAQ:LPRO) have changed -74.45%. Short interest in the company has seen 3.25 million shares shorted with days to cover at 6.09.
Wall Street analysts have a consensus price target for the stock at $7.5, which means that the shares’ value could jump 84.4% from current levels. The projected low price target is $7.0 while the price target rests at a high of $38.0. In that case, then, we find that the current price level is -3147.86% off the targeted high while a plunge would see the stock gain -498.29% from current levels.
Open Lending Corp (LPRO) estimates and forecasts
The company’s shares have lost -81.80% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 17.56% over the past 5 years.
LPRO Dividends
Open Lending Corp is expected to release its next earnings report on 2025-Mar-30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Open Lending Corp (NASDAQ:LPRO)’s Major holders
Insiders own 2.77% of the company shares, while shares held by institutions stand at 83.55% with a share float percentage of 85.93%. Investors are also buoyed by the number of investors in a company, with Open Lending Corp having a total of 186.0 institutions that hold shares in the company. The top two institutional holders are WASATCH ADVISORS LP with over 16.41 million shares worth more than $91.56 million. As of 2024-06-30, WASATCH ADVISORS LP held 13.7642% of shares outstanding.
The other major institutional holder is PRICE T ROWE ASSOCIATES INC /MD/, with the holding of over 10.75 million shares as of 2024-06-30. The firm’s total holdings are worth over $59.97 million and represent 9.0373% of shares outstanding.
